Founder Securities said the downward trend has not ended yet as relatively tight liquidity continues to weigh on blue chips.

Meanwhile, it is unclear how much impact the latest round of global selloff of risk assets will have on the stock market, according to an analysis note from Founder Securities.

U.S. and European stock markets saw turmoil this week due to market concerns about whether the Trump administration could continue to push its economic reform agenda.

Chinese oil and gas stocks continued to gain on Friday, after China announced Thursday that it had succeeded in collecting samples of combustible ice in the South China Sea, a major breakthrough that may lead to a global energy revolution.